Latin America Business News

Several people were injured and hundreds of others had to be evacuated Monday when a pipeline belonging to state-owned oil giant Petroleos Mexicanos, or Pemex, exploded as it was being tapped illegally in Acolman, a city in Mexico state, officials said. continue reading »

British multinational automaker Jaguar Land Rover says it plans to invest 750 million reais (some $326 million) to build a manufacturing facility in the southeastern Brazilian state of Rio de Janeiro, its first in the South American country. continue reading »

Latin American countries are luring Silicon Valley giants in the hope the U.S. companies will establish research centers and share their experience with aspiring local tech entrepreneurs. continue reading »

The number of Internet users in Mexico soared 12.5 percent, compared to the previous year, to 49 million in 2013, the National Institute of Statistics and Geography, or INEGI, said Wednesday. Some 30.7 percent of Mexico's households are connected to the Internet, up 20.6 percent from the 2012 survey, the INEGI said.
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Mexico's unemployment rate was 5.01 percent in October, down slightly from the 5.04 percent rate registered in the same month in 2012, the National Institute of Statistics and Geography, or INEGI, said Monday.
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